Mary Logan is analyzing the following funds:

Assuming the market's return was 11% and the risk-free return was 5%, which one of the following statements is correct based on the Treynor ratio?

A)

Fund A underperformed Fund B.

B)

Fund B underperformed Fund C.

C)

Fund D underperformed Fund A.

D)

Fund C underperformed Fund D.

Fund Return Beta Standard Deviation A 12% 1.1 .20 B 10% .9 .17 14% 1.2 .22 D 9% .6 .15